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One graph in the figure represents a normal distribution with mean μ=8 and standard deviation σ=2. The other graph represents a normal distribution with mean μ=16 and standard deviation σ=2. Determine which graph is which and explain how you know.
If the potential output of an economy is worth $440 billion and the actual output during a particular year was $435 billion, the output gap is?
A tsunami in Japan disrupts the production of Japanese-made cars. What is the impact on the market for new cars.
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
Suppose the components of spending in an economy are as follows: What is the equilibrium level of income (Y)? (Hint: Y=C+I+X-M) What is the trade balance (X-M) at this equilibrium ? Suppose exports increase by 100. What is the new equilibrium level o..
Demonstrate a critical understanding of the standardization vs adaptation debate in International Marketing. Make reference to positives and negatives from organisational and consumer perspectives.
Some individuals have suggesested raising the required reserve ratio for banks to 100 %. What would the money multiplier be if this change were made?
The multiplier effect refers to the series of
Key characteristics that define said market structure to include profit maximization, quantity to produce, and whether or not to increase, decrease, or remain.
The Eastern Australian Canola futures are quoted at 557.50 (quoted in AUD per ton), and the contract size is 20 metric tons.
In the Hecksher-Ohlin (H-O) model, explain why we assume that both countries have the same technology and same consumption preferences (tastes).
Consider an economy is which taxes, planned investment, government spending on goods and services, and net exports are autonomous, but consumption and planned investment change as the interest rate changes. Compute the value of the marginal propensit..
Among his many endorsement contracts professional golfer Tiger Wood endorses Buick automobiles. Buick reportedly recently extended his contract for another 5 years at $40 million. If Buick makes $4,000 profit per car they must expect to sell at least..
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